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Wall Street has turned unusually bearish on the stock market as their 2023 predictions arrive.Ongoing fears of an imminent economic recession have paralyzed Wall Street strategists.For the first time in more than 20 years, Wall Street expects a flat year for stocks in 2023. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Recession fears have paralyzed Wall Street as 2023 stock market predictions turn unusually bearish

The Fed will need to rate interest rates closer to 6% to meaningfully ease inflationary pressures, said legendary property investor Sam Zell.  A “shocking event” was mortgage rates more than doubling this year, the billionaire told Fox Business.  Zell also sees the US economy falling into a recession.  Loading Something is loading. Thanks for signing… Continue reading Billionaire real estate investor Sam Zell says don’t take too much comfort in declining mortgage costs, and the Fed will keep hiking rates close to 6%

Stocks won’t be hit as badly by weak corporate earnings in 2023 as some think, according to BlackRock’s Kate Moore. Moore noted that while recession fears are high, firms are preparing for a recession, which could buffer the market from losses. “There’s a decent probability that the super bearish economic and earnings calls for 2023… Continue reading Stocks won’t be hit as badly by weakening corporate earnings in 2023 as many think, BlackRock strategist says

Crypto lender Amber will end its $25 million sponsorship of Chelsea soccer club, Bloomberg reported Friday. The move is part of a cost-cutting push at Amber, as FTX’s collapse sends crypto companies reeling. FTX’s bankruptcy could jeopardize its own deals with the Miami Heat and the Mercedes F1 team. Loading Something is loading. Thanks for… Continue reading Chelsea reportedly loses $25 million crypto sponsorship deal as FTX’s collapse hammers other platforms